RES 84120 - Laserfiche WebLink

The 1. rety contract shall incl~ an express waiver of tae security provider's ability to escape from tile City's use of the security to undertake to construct the public improvements secured if construction of the public improvements has net commenced within the one year time period. One bond shall be in the amount of 100% of the total estimated cost of the work for each stage of development, conditioned upon faithful performance of this agreement, and one bond in the amount of 100% of the total estimated cost of the work for each stage of development shall secur_e payment for labor and materials. Co&st or instru, meP,-.~s of cred_{k shall b,:_' :Lt: {~n amount no'h less r.han 100% of the total estimated cost of imprc~ernents which is as follows: $ q65,000.OO ~:~ fn:r{vrni_ of breach l~.y Subdivider, City may take over'-the work ~r-,'~ [:~r,~scute t:he same to completion by any method the City deems ad~.~is,:ibie. Said work shall be for the account and at the expense of the Subdivider. S~bdivider shall be liable to the City for any excess costs or damages suffered by the City. 8. Financing. In the event City and Subdivider enter a con- tract upon mutually agreeable terms providing an appropriate special assessment act for financing and improvement cf streets and easements. the City may consent to the following: The inclusion of this tract and other lands within said contracts, and the release of improvement security as defined in Section 66499 of the Government Code, where the assessment contract has filed surety bonds for said improvements. 9. Defects. Subdivider shall be liable for defects in workman- shLp and materials on all of the above described improvements for a period of one (1) year after acceptance and as security for liability against such defects, Subdivider shall file improvement or maintenance security with the City Clerk, of a type approved by the City Attorney, in the amc'nn~t of 10% of the 'ko~:al estimated cos{: set forth above. 10. Worker~s Compensa. tion. Before comaencing work under this .~:o~'~tract, Subdivider shall take out and maintain during the course of this dg're::ment~ suclx worker's compensation insurance as required by the laws of the State of California. If i:he Acting General Contractor ~s not t:he Subdivider, then the General Contractor will provide the City with {-he ::aid certificate of worker~s compensation insurance i'}rior to 5tart of construction. On failing to do so, the City may procure such insur'ance for the Subdivider and the Subdivider shall [:,ay the cost~ .!t,. Hold Harmless Agreement. Subdivider hereby agrees to, and 5'hs, l l hcl<] City, '{ts elective lind appointl.ve Boards, Commissions, ~'~fficc. rs, agenk?-, nnd employees, harmless from any liability for deunage or claims for damage for personal injury, including death, as well ,.~s from cict Lms frcm property damage which may arise :from Subdivider's ~ o~.'L.~nc t.o'& :};; svbcontractors ~ ~ agents ' or empl.z,yees ' operation under · ,'~[f;- agx'~:{l;'ne::L~ whether such operations be by Su!;di. vider or by any of 5.~qk_}aiyli_derlJ_.contKactors. subcontractors~ or bv any one or more per-